Market Size of United States Large Kitchen Appliances Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 14.82 Billion |
Market Size (2029) | USD 18.69 Billion |
CAGR (2024 - 2029) | 4.76 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
United States Large Kitchen Appliances Market Analysis
The United States Large Kitchen Appliances Market size is estimated at USD 14.82 billion in 2024, and is expected to reach USD 18.69 billion by 2029, growing at a CAGR of 4.76% during the forecast period (2024-2029).
The US market for large kitchen appliances encompasses various products, including refrigerators, ovens, ranges, dishwashers, and microwaves, all designed for cooking, food preservation, and cleaning. Consumer preferences, technological innovations, economic conditions, and evolving home design and renovation trends influence this market. An anticipated increase in disposable income levels is set to propel the market's growth. Additionally, rapid urbanization is poised to impact the household appliances market positively. This growth is bolstered by technological advancements, increasing consumer demand, and favorable market conditions. Companies that innovate and align with industry trends stand to gain a larger market share and boost their revenues.
Also, strategic investments and partnerships within the market are anticipated to enhance market dynamics, driving its upward trajectory. Dishwashers, a vital segment of the US large kitchen appliances market, are witnessing increased demand due to water conservation, noise reduction, and superior cleaning performance. This demand is further fueled by urbanization and growing consumer awareness of water and energy conservation. Dishwashers also advance with intelligent features, such as sensor-based wash cycles and app controls. Another vital segment is laundry appliances, which include washers and dryers. Innovations in this segment focus on energy efficiency, larger capacities, and advanced fabric care. These appliances cater to diverse consumer needs, from compact, stackable units perfect for urban living to spacious models designed for larger households.
United States Large Kitchen Appliances Industry Segmentation
Large kitchen appliances, integral to modern cooking and food preparation, include refrigerators, stoves, dishwashers, microwaves, and ovens. This report provides a comprehensive analysis of the US large kitchen appliances market, delving into national accounts, economic factors, emerging segment trends, shifts in market dynamics, and an overarching market overview.
The US large kitchen appliances market is segmented by product, application, and distribution channel. By product, the market is segmented into refrigerators, freezers, dishwashing machines, cookers and ovens, and ranges. By application, the market is segmented into residential and commercial. By distribution channel, the market is segmented into specialist retailers, online retailers, supermarkets and hypermarkets, manufacturer retailers, and other distribution channels. The report offers market size and forecasts in value (USD) for all the above segments.
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United States Large Kitchen Appliances Market Size Summary
The United States large kitchen appliances market is experiencing a significant transformation driven by evolving consumer preferences and technological advancements. The increasing importance of e-commerce is reshaping the purchasing landscape, with consumers favoring online platforms for their convenience, competitive pricing, and assured guarantees. The trend towards smart large kitchen appliances is also on the rise, facilitated by the widespread availability of internet connectivity and smart home devices that offer voice and command control. Among the various product categories, freezers are anticipated to witness substantial growth, influenced by the ongoing pandemic as consumers stock up on essentials. The rapid expansion of online retail is expected to continue, as it aligns with the growing consumer demand for home delivery and attractive deals. This shift in consumer buying patterns presents both opportunities and challenges for retailers and industry participants in the large appliance sector.
The demand for large kitchen appliances in the United States is projected to increase, driven by the growing number of households and apartments, as well as a surge in home renovation activities. The robust home improvement industry, encompassing the sale of building materials, appliances, and home enhancements, plays a crucial role in the U.S. economy. With a nationwide housing shortage and high home prices, many homeowners are opting to renovate rather than relocate, leading to upgrades in large household appliances. Additionally, rising disposable incomes are fueling the demand for sophisticated kitchen appliances, as consumers seek to enhance their lifestyles. This trend is particularly evident among household end-users, where increased income levels are driving the purchase of fancier kitchen appliances. The market is characterized by the presence of major international players, but technological advancements and product innovations are enabling mid-size to smaller companies to expand their market presence by securing new contracts and exploring new markets.
United States Large Kitchen Appliances Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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2. MARKET SEGMENTATION
United States Large Kitchen Appliances Market Size FAQs
How big is the United States Large Kitchen Appliances Market?
The United States Large Kitchen Appliances Market size is expected to reach USD 14.82 billion in 2024 and grow at a CAGR of 4.76% to reach USD 18.69 billion by 2029.
What is the current United States Large Kitchen Appliances Market size?
In 2024, the United States Large Kitchen Appliances Market size is expected to reach USD 14.82 billion.